Annapurna Completes $350M Credit Facility

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Annapurna has completed a $350m revolving credit facility that will allow Megan Ellison’s company to grow its production, development and distribution activities and expand into new mediums.

The company launched its distribution operation last month with Kathryn Bigelow’s Detroit, which has earned $16.6m to date.

Since 2012, films produced and/or financed by Annapurna have received 32 Academy Award nominations, including three best picture nods for American Hustle, Her, and Zero Dark Thirty. Upcoming releases from Annapurna include Angela Robinson’s Toronto selection Professor Marston And The Wonder Women.

The company is also in post-production on Paul Thomas Anderson’s Phantom Thread starring Daniel Day-Lewis, which Focus Features will release later in the awards season. …